For example, if a 2% prepayment fee is imposed on a personal loan amount of ₹50,000 by your lender, the fee of the prepayment would be ₹1,000, and the total payable amount would be ₹1,180, including an 18% GST. No GST on Interest Rates When determining a lender, the inte...
A GST of 18% is applicable on loan processing charges Generally, a personal loan processing fee ranges from 2-3%, while Standard Chartered Bank charges up to 2.25%. You can get a loan amount up to Rs 30 lakh at attractive interest rates and get up to 50% discount on processing fees ...
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As per a MediaNama analysis, these digital lending apps use photos of famous media personalities, trusted bank logos, and misleading interest rates in the advertisements on such platforms. However, the ad policies of both companies explicitly prohibit such harmful advertising. Additionally, in 2024...
Previously, service tax was levied on loans at 15%. With the advent of GST, this has increased to 18%. However, GST is not applicable to loan repayments or interest payments. It is only levied on processing charges and other fees excluding principal and interest payments. Therefore, the ...
Use our Home Loan EMI Calculator to calculate equated monthly installments for your home loans. Get all details on interest payable and tenure using the home loan calculator. EMI Calculator: - Calculate Loan EMI in few Mins - Check your Car,Personal & Home Loan EMI with Flexible Loan Calculato...
Piyush Goyal has indeed proved to be a trendsetter as it has revealed several groundbreaking economic and fiscal reform measures that are indubitably in the interest of the small traders and the consumers. Besides the noteworthy reforms as regards GST registration a Read More 01 Jan 1970Posted ...
- Loan Amount - Interest Rate - Period (In Months and Years) ● Easy option available to compare between two loans. ● Calculate EMI on monthly basis. ● Statistics shows Principal Amount, Interest rate and remaining balance per month. ...
The newsworthy 28th GST council meeting that was held on 21st July 2018 and headed by the Union Minister of Finance Sh. Piyush Goyal has indeed proved to be a trendsetter as it has revealed several groundbreaking economic and fiscal reform measures that are indubitably in the interest of the ...
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